INSEAD Day 4 - 728x90

2PointZero posts profit surge

Growth driven by merger consolidation.

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Israel accounts for 46 percent of global Jewish population

TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...

Geostrategy

Diverse business models needed for trade with China, say Union of Arab Chambers

BEIRUT, LEBANON – The secretary general of the Union of Arab Chambers has called for diversified business models to facilitate...

Geostrategy
Geostrategy

Pakistan backs Saudi bid to convene OIC session on Afghanistan

Pakistani Foreign Minister Shah Mahmood Qureshi said in a statement on Monday that his country supports the Kingdom's initiative.
  • Pakistani Foreign Minister Shah Mahmood Qureshi said in a statement on Monday that his country supports the Kingdom's initiative
  • Extraordinary Session of the Organization of Islamic Cooperation (OIC) Council of Foreign Ministers will discuss the humanitarian situation in Afghanistan
Economy

Saudi Fund for Development to give $3 billion to Pakistan

Saudi Arabia reactivated its support for Pakistan in the last week of October, including about $3 billion in safe deposits...
  • Saudi Arabia reactivated its support for Pakistan in the last week of October, including about $3 billion in safe deposits and $1.2 billion in oil supplies on deferred payments
  • The SBP statement said the deposit agreement reflected the strong and special relationship between the Kingdom of Saudi Arabia and Pakistan
Market Report

Multiply Group to list on ADX

Multiply Group has assets of AED 8.16 billion and 3,240 employee
  • The group’s listing on ADX will offer investors the opportunity to invest in the field of disruptive digital technology and other key industries
  • The company’s combined portfolio strikes a balance between companies that generate recurring income and high-growth businesses
Business

Emirates Stallions acquires stake in WFC

Acquisition aimed at diversifying Emirates Stallions' business.
  • WFC’s main revenue drivers are Real Estate, Retail, Aerospace, Defense, Government, Education, Technology, Manufacturing, Hospitality, and F&B.
  • Emirates Stallions Group is present in 20 markets and has assets of AED555 million as of the end of Q2 2021 and over 3,000 employees.
Business

Khalifa University sets up a business unit with AED100m

Khalifa University of Science and Technology has launched a business and investment arm of the university named Khalifa University Enterprises...
  • Khalifa University Enterprises Company will include ‘Innovation Acceleration and Startups’ and ‘KU Ventures’
  • Its mission is to boost and speed up business engagements with the University
Business

UAE and Greek credit insurance organizations to promote businesses

The UAE's federal export credit company Etihad Credit Insurance (ECI) signed an MoU with Greece’s Export Credit Insurance Organization (ECIO)...
  • An MoU between Etihad Credit Insurance and Greece’s Export Credit Insurance Organization will also promote SMEs.
  • This agreement follows the recent UAE-Greece high-level diplomatic meetings between the ministers of both countries.
Economy

Iraq’s budget for 2022 to focus on investment projects

Iraq’s general budget for 2022 will focus on implementing a set of investment projects in line with diversifying economy and...
  • Salih belives the fluctuations in the oil markets and the global economic situation will cast a shadow over the draft general budget for 2022
  • The Ministry of Planning said that employee salaries, social protection and other expenses were not affected by the delay in approving the general budget law
Geostrategy

Iran says ‘firmly determined’ to salvage nuclear deal

The government has shown its willingness and seriousness by sending a quality team known to all. If the other side...
  • The 2015 agreement offered a lifting of some of the array of economic sanctions in return for strict curbs on its nuclear program.
  • But the deal began falling apart in 2018 when then US president Donald Trump pulled out and began reinstating sanctions.
Business

Kuwait begins a drive to educate people on virtual assets

The Central Bank of Kuwait (CBK) and Capital Market Authority (CMA) have launched a campaign to educate people about virtual...
  • The CBK and the CMA said in a joint statement on Sunday the campaign was launched as part of efforts to raise people's awareness as how to deal with these assets
  • Traders in the digital assets are prone to fall prey to scam, thus these online dealings are quite risky, particularly for individuals
Economy

Qatar to train cadres from national forces for job market

Qatar's Ministry of Labour has signed a Memorandum of Understanding (MoU) with the Qatar Financial Centre (QFC) Authority to train...
  • Ministry of Labor will provide national workforce data of male and female candidates to be employed at companies licensed by the QFC Authority.
  • The move is aimed at realizing the objectives of Qatar National Vision 2030.

Israel accounts for 46 percent of global Jewish population

TEL AVIV, ISRAEL – The total global Jewish population rose to 15.7 million over the last year, while the number...
Geostrategy

Company News

Latest News

Saudi Arabia says it does not politicize oil or oil decisions

Seeking to debunk the impression that it was somehow behind the rise in oil prices in the US, Saudi Arabia...
Business

Sharjah tourism body to highlight AI, technology in tourism

Sharjah Commerce and Tourism Development Authority (SCTDA) has confirmed its participation at the 42nd GITEX Technology Week, to be held...
Economy

Opportunities await Qatari investors in Kazakhstan’s Zhambyl region

Doha--- Qatar Chamber and Kazakhstan's Social-Entrepreneurial Business Corporations have discussed economic and commercial relations besides investment climate and opportunities in...
Business
INSEAD Day 4- 300x600
INSEAD Day 4- 300x600

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Economy

‘Unit 3 of Barakah Plant linked to UAE’s transmission grid’

The Emirates Nuclear Energy Corporation (ENEC) announced that Unit 3 of the Barakah Nuclear Energy Plant has successfully been connected...
  • Unit 3 will add another 1,400 megawatts of zero-carbon emission electricity capacity to the national grid.
  • The nuclear sector is a vital part of the UAE’s clean energy system of multiple low-carbon technologies.
Business

OneConnect enters Abu Dhabi Global Market

Abu Dhabi, UAE - OneConnect Financial Technology launched Saturday its regional operations in Abu Dhabi Global Market, local media reports...
  • The company will support fintech ecosystem and enhance digital transformation of UAE's financial services
  • It unveiled digital banking solutions suite, OneCosmo, which can support the industry's open banking and open finance agenda
Business

Dubai records weeklong real estate transactions worth $1.92 billion

Dubai, UAE--- A total of 1,809 real estate transactions worth AED7.3 billion ($1.92 billion) were conducted during the week ending...
  • A total of 98 plots were sold for AED975.52 million, and 1,711 apartments and villas were purchased for AED4.47 billion.
  • The mortgaged properties for the week reached AED1.47 billion, while 157 properties were granted between first-degree relatives worth AED418.56 million.